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IRFC signs Rs 12,842 crore loan deal with HURL
Mar-24-2026

Indian Railway Finance Corporation (IRFC) has signed a major Rupee Term Loan agreement with Hindustan Urvarak and Rasayan (HURL) for the refinancing of its existing long-term debt up to Rs 12,842 crore.

This transaction represents one of IRFC’s largest refinancing initiatives and marks a significant step forward in advancing its strategic vision under IRFC 2.0, anchored in a whole-of-government approach. The refinancing is expected to deliver substantial value to HURL through competitive financing terms and an optimised repayment structure aligned with its operational cash flows. This will enhance financial flexibility, improve debt servicing efficiency, and free up resources for operational strengthening and future growth.

This transaction further reinforces IRFC’s position as a key financial partner in nation-building initiatives and demonstrates its capability to structure large-scale refinancing solutions for complex, multi-stakeholder infrastructure projects.

Indian Railway Finance Corporation (IRFC) is the dedicated market borrowing arm of the Indian Railways.


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